Networking giant Cisco shorten 5000 jobs, nearly 7% of the total workforce in August takes a Wall Street analyst Monday to remain competitive, recommended.
"Is a difficult decision to make, in our view it is necessary to"Competitiveness"of Cisco is maintaining forward," analyst Brian Marshall Gleacher & co., wrote in a note to investors.
The cut, which would be 5000 jobs had 6.8% of 73,400 employees of Cisco in April, he mentions, but under Cisco, 2001 and 2002 job cuts made when it if from
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